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Tishman Speyer Doubles Down on China

The Wall Street JournalJanuary 7, 2014

New York Developer Bets Big on Office Market Despite Signs of a Cooling Economy. As foreign developers have raced to participate in the Chinese growth miracle, few have been more aggressive than Tishman Speyer Properties LP, which has invested some $3 billion since 2006. Now as the Chinese economy appears to be cooling and some analysts warn of vacancies in so-called ghost cities, Tishman Speyer shows no sign of retreat.

The New York developer is making a particularly large bet on the office market. The firm is building The Springs, a mixed-use project in Shanghai, which will be its signature project in China and already has lured a sprawling Nike Inc. campus as an office tenant.